Peru’s President Names Arana as Her New PM After Cabinet Crisis
BloombergMAY 17
The constitutional mechanisms requiring complete cabinet resignations following a prime minister's departure ensure proper checks and balances in Peru's democratic system. This process allows for necessary governmental renewal and accountability, particularly when facing serious challenges like the current crime wave. The market's relatively stable response, as evidenced by Peru's tight Eurobond spreads, suggests underlying institutional strength despite political volatility.